| The Heritage Auction Galleries' Central States | | | | buy rare coins is almost invariably a smart idea. If |
| Numismatic Society Convention Platinum Night | | | | you want to know the secret of how to buy rare |
| Auction has turned out to be quite a show. | | | | coins, it is simply this: Know what you're buying, |
| Besides the "King of Coins" 1804 Silver Dollar | | | | know the history, the artwork, and buy the |
| going for a cool two point three million dollars, | | | | rarest coins you can easily afford. |
| several other incredible rare coins have gone up | | | | Between auctions, the price of a particular rarity |
| and been sold for some nice fetches, as well. | | | | almost always tends to go up. At times, the |
| The legendary 1807-S Seated Dollar, the rarest | | | | growth is marginal, but other times, a coin may |
| regular silver dollar in existence, wound up selling | | | | be reassessed at a later date and turn out to be |
| for about a half a million dollars, The sixth finest | | | | twice as valuable as it was previously believed to |
| known example of a 1794 dollar went for a half | | | | have been. |
| million as well, a twenty cent piece from 1876 | | | | Of course, on the other hand, you may simply be |
| went for four hundred sixty thousand, a 1794 | | | | comfortable enjoying a few good rarities in your |
| silver dollar went for three hundred forty five | | | | collection while putting the majority of your coin |
| thousand, and a 1795 Flowing Hair dollar sold for | | | | money into the $20 Lady Liberty 22 karat gold |
| about a quarter million. | | | | reissues for investors. Whichever way works for |
| The total sales of the auction, as of the most | | | | you is fine. In any case, you are protecting your |
| recent report, came out to a nice forty five | | | | assets against any crisis such as a recession. |
| million for combined rare coin prices. | | | | It's certainly a good idea to get involved in rare |
| Two million for a coin may be out of the price | | | | coin collecting if you hope to build a strong |
| range of many investors, but we know that | | | | foundation for your investments. And even if you |
| there are at least a few people reading this who | | | | can't make it to Cincinnati every time Heritage |
| could easily place a competitive bid on one of the | | | | holds an auction in the area, it's still smart to keep |
| big-ticket items on show at this auction. So while | | | | up on the new developments at these auctions |
| the rest of us who buy rare coins, as an | | | | and bid online, as the final bids at the major |
| everyday investor may have to stick to the | | | | auctions tend to have an impact on coin prices at |
| slightly more common coins, if you do have the | | | | large. In any event, just make sure that you have |
| money to invest in the real rarities, you'd be wise | | | | a way to keep yourself in good financial shape no |
| to seize upon the opportunity to do so. | | | | matter what happens. Be it bars or coins, just |
| Again, when you buy rare coins, they do not | | | | know that you're covered through this recession |
| somehow become less rare or less valuable, so to | | | | and the next one. |